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    3140 S Highway A1a Melbourne Beach, FL 32951

    View on Map
    For Sale
    $789,000

    MULTI_FAMILY - Melbourne Beach, FL

    Property size:
    1,515 SF
    Lot size:
    0.19 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    14
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 3140 S Highway A1a

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1
    Parking
    8
    Parking features
    RV
    Appliances
    Electric Range, Microwave, Refrigerator
    Standard status
    Active
    APN
    28-38-21-Gf-00002.0-0008.00
    Size
    1,515 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxDescription
    OCEAN EDGE COLONY LOT 8 BLK 2
    TaxAnnualAmount
    4894

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank, Aerobic Septic
    Heating system
    Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jack Taylor

    Listing agent Jack Taylor License #SL3073233

    Listing office RE/MAX Alternative Realty 1900 S Harbor City Blvd. #100, Indialantic, FL

    Listing date Mar 18, 2026

    MLS# 1072229

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melbourne Beach Tri-Plex Investment

    This tri-plex property is located in Melbourne Beach, offering proximity to beaches. The property features upgrades including 2024 paver drives, with RV/boat parking for unit 3. A 2017 roof and 2022 exterior paint contribute to the building's condition. The property includes new landscaping and PVC fencing, along with newer windows and new front doors. Two of the units have been completely renovated with washed grey vinyl plank floors, new kitchens with granite countertops and new appliances, and all new bathrooms. The property size is 1515 square feet on a 0.19-acre lot. The property is located in Brevard County. The property is located in Melbourne Beach, Florida. The property is zoned to allow Airbnb rentals, subject to verification with Brevard County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5111
    Latitude
    27.9685

    Nearby Similar for Sale

    • $324,900
      576 SF

      Like-New Park Model Home

      Pristine 2021 park model with upgraded amenities and community features.
      455 Horizon Ln, Melbourne Beach, FL 32951
      View Details
    • Contact for pricing
      5,281 SF

      Melbourne Beach Shopping Center Space

      Established shopping center near the Atlantic Ocean in Melbourne Beach.
      3830 S Hwy A1a, Melbourne Beach, FL
      View Details

    FAQs

    What type of property is this?
    Triplex - Desirable Melbourne Beach tri-plex with upgrades and income potential.
    Where is this triplex located?
    The property is located at 3140 S Highway A1a Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: Desirable Melbourne Beach location with pristine beaches; Tri‑plex property suitable for investment portfolio; **Two units completely renovated with new kitchens (granite), bathrooms, appliances, and vinyl plank floors**
    (321) 258-8602
    We can help!
    Listing Contact
    Jack Taylor
    Real Estate License ID: SL3073233
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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